GLOSSARY

Nugget

Refers to a modern gold bullion coin, which is created by Australia and is 0.9999 fine.

Ounce or troy ounce

It is a measurement unit used to measure weight. An ounce is a troy ounce that equals 31.1035 grams.

Paper gold

It refers to the various investment products that are related to gold prices. However, the investor does not gain physical ownership of gold.

Rally

Refers to a continued upward trend in terms of gold prices or of any commodity.

Retail buyers

Retail buyers are the common individual buyers of gold.

Slabbed coins

These are coins encapsulated in plastic to ensure that they are protected against any natural wear and tear. In normal course, slabbed coins are graded by one of the two major grading services.

Streedhan

Refers to any gold or other gifts given to a woman in India either in her childhood, before marriage, after marriage, or at any point in her life. The ownership of Streedhan rests completely with the receiver of the gift. Thus, the gold cannot be touched without her permission.

Tola

Refers to a measurement tool. One Tola equals 11.7 grams or 180 grains or 0.375 troy ounces.

Unallocated gold

It refers to a book-keeping mechanism that is used by banks or other enterprises to provide investors with notional gold.

Universal value

Gold’s value and price is universal in nature. Investors in gold will enjoy approximately the same value for gold all over the world, since the metal is a popularly demanded one.